In the world of trading, especially in intraday trading, one of the biggest dilemmas is deciding what factors to consider before opening a position. Charts, news, macroeconomic data... the information is overwhelming. But what hidden dangers exist in the most common practices, especially when trading around key economic data?
Today we will analyze one of the most critical and dangerous situations a trader faces: managing losing trades, particularly in the context of news-based intraday trading. We will base this on the premise that not closing a losing trade on time can literally mean the elimination of the trader.